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Re: Average Car or Truck Payment [Re: andrews1958] #15842012 02/27/21
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I don't do vehicle payments. Don't buy a truck very often. My '09 Tacoma will be 13 years old this coming August 30th. It was paid for when they put my license plates on it. Since then I put money in a 6 month CD at the bank every month. Some months more, some months less, but always transfer money into it monthly. When truck replacement time rolls around I'll be all set. I better be because with a truck that old, which currently has 262K miles on it, ain't gonna get me diddley squat for trade-in value. At least I got my money's worth out of it.

BP-B2

Re: Average Car or Truck Payment [Re: andrews1958] #15842025 02/27/21
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My truck I have now. My note was5 something a month for 5 years. Paid extra every month and did it in 3 years. Same with my wife's car.

Re: Average Car or Truck Payment [Re: Hogwild7] #15842035 02/27/21
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chris_c Offline
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0% interest is hard to resist, left the money sit and financed 600.00 per month

Re: Average Car or Truck Payment [Re: andrews1958] #15842186 02/27/21
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We do the 100% down plan.

Re: Average Car or Truck Payment [Re: AKCHOPPER] #15842232 02/27/21
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tzone Offline
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Originally Posted by AKCHOPPER


My favorite line from an athlete ever.


Taser, taser, taser
IC-A

Re: Average Car or Truck Payment [Re: slumlord] #15842234 02/27/21
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Originally Posted by slumlord
Originally Posted by Jim_Conrad
Originally Posted by slumlord
Originally Posted by muleshoe
Originally Posted by slumlord
Aint had one since 1998



A car?


The topic is payments, promissory notes, debt, surety.









In his defense...... your most posted vehicle is that Squidbillies deer hunting mobile.


Right

I’m driving that to Vanderbilt campus twice a week.

Sure

I thought he was just being a smartass


A feeble attempt it was.


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Keep America Great!
Re: Average Car or Truck Payment [Re: andrews1958] #15842264 02/27/21
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0% interest is just a means of raising the cost of the vehicle under the guise of “giving you a free loan”.

Re: Average Car or Truck Payment [Re: chesterwy] #15842280 02/27/21
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Originally Posted by chesterwy
Wife and I haven’t had a payment in a few years now. We do however have an account that we put the “car payment” in every month however. That way when the time comes to buy a new one we can just buy it outright.


That’s a good way to do it.


Taser, taser, taser
Re: Average Car or Truck Payment [Re: tzone] #15842293 02/27/21
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Originally Posted by tzone
Originally Posted by chesterwy
Wife and I haven’t had a payment in a few years now. We do however have an account that we put the “car payment” in every month however. That way when the time comes to buy a new one we can just buy it outright.


That’s a good way to do it.

Marry a CPA and it'll be the only way.

We drive our vehicles for 10+ years though. I've never been big on expensive or flashy, so it works.

Re: Average Car or Truck Payment [Re: andrews1958] #15842309 02/27/21
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I drive 51 and 48 year old cars... And a 99 F-150.


Conduct is the best proof of character.
IC-B

Re: Average Car or Truck Payment [Re: andrews1958] #15842319 02/27/21
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Last 4 vehicles were cash w/ a trade-in.
Wife bought a new 2018 GMC Terrain with a trade-in of her 2012 Chevy Equnox. We never mentioned cash and the salesman said I can knock off another $500 if you use GMC Credit. I said sounds like a good deal, any penalty for early payoff, he said non.
So made one payment then paid it off.
Talk about car depreciation, was looking for a summer fun car to replace my 03 BMW Z4 that I've owned for 17 years, came across a 2010 Jaguar XK Convertible with 50K miles, car was a FL car, owned by an older couple that also used it for pleasure. Perfect maintenance records all done by Jag dealers , car looked new.
Sticker price on it in 2010 was $91,000, they sold it to me for $20,500. Hope to drive this one for the next 10 years, by that time I'm 86.

Last edited by jbmi; 02/27/21.

"The older I get, the better I was"
Re: Average Car or Truck Payment [Re: gregintenn] #15842320 02/27/21
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Originally Posted by gregintenn
We do the 100% down plan.


US too. We have a "one" payment plan.

Re: Average Car or Truck Payment [Re: Cheesy] #15842347 02/27/21
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Originally Posted by Cheesy
0% interest is just a means of raising the cost of the vehicle under the guise of “giving you a free loan”.



Bingo. Stuff isn’t hard to figure out, dealership needs to make money. Consumer always does best when cash is paid (in full). But many justify their killer financing deals and feel good about it, little do they know they overpaid, period.

Re: Average Car or Truck Payment [Re: andrews1958] #15842357 02/27/21
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Everyone's budget is different, and most Americans can't just pay cash for a vehicle...therefore they have payments.

I have three vehicles...two are paid for, one is not. I have a 99 tacoma I'll never sell, a Honda civic with 220k that is my commuter, and a newer lexus that I still owe on. It's funny because seems most people I know have no problem dropping 50k+ on a car. Unless you're writing it off through a company expense its retarded. Buy used, let somebody else take the hit.


From a place you will not see, comes a sound you will not hear.
Re: Average Car or Truck Payment [Re: andrews1958] #15842364 02/27/21
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My 2014 F-150 4wd is paid off and has 65,000 miles on it. My Wife's 2008 Toyota RAV4 has been paid off since 2012 and has 195k on it. It's nice to have zero car payments.

Ron


People sleep peaceably in their beds at night only because rough men stand ready to do violence on their behalf.
Orwell
Re: Average Car or Truck Payment [Re: andrews1958] #15842366 02/27/21
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Dave Ramsey says the average new car loan is $508 a month for 78 months.

He also says that, unless you have over a million dollars in assets you cannot afford a new car.
Dave says that new car loans and student loans are the two quickest ways to financial ruin.

Re: Average Car or Truck Payment [Re: andrews1958] #15842373 02/27/21
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No payments here. Nor planning on buying either. Im gonna fix whatever fails on my trucks.


"Pride is the only disease that makes everyone sick except the one that has it"
Re: Average Car or Truck Payment [Re: Cheesy] #15842414 02/27/21
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Originally Posted by chris_c
0% interest is hard to resist, left the money sit and financed 600.00 per month

Originally Posted by duck911
Wife gets a new car, 0% interest. We pay it off (early). Then I get a new truck, 0% interest. We pay it off (early). Repeat.........
We get to stretch out INTEREST FREE payments, while the money we would have spent "writing a check" is making REAL money.
Simple math.
Originally Posted by Cheesy
0% interest is just a means of raising the cost of the vehicle under the guise of “giving you a free loan”.
There is NO such thing as ZERO interest. It's there and you are paying it.


"You win no crown of laurel for outrunning a jackass" - Martialis
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Re: Average Car or Truck Payment [Re: andrews1958] #15842419 02/27/21
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Ex had to have a brand new truck every two years. Lots of money flushed down the toilet...

I've got a 2015 Taco I originally purchased for one of my kids. Think it'll serve me just fine for at least the next decade. I've been wanting to get another vehicle. Something that gets better gas milage... still undecided and figure I'll wait till the end of the year.

Re: Average Car or Truck Payment [Re: andrews1958] #15842447 02/27/21
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People give me schit about my 05 Honda... its paid for and gets almost 40mpg in the summer. Still looks nice and nice interior so I'm keeping it going... if you're going to own older cars, you better own tools though.
.


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